Picture Rocks
Picture Rocks, AZ · Real Estate
azbigmedia.com
Phoenix, Tucson housing markets shift toward buyers
Arizona homebuyers are gaining negotiating power as the housing market continues to shift, but rising mortgage rates are making it harder to afford a home, according to a new report from Realtor.com. Both the Phoenix and Tucson metropolitan areas are classified as balanced markets moving toward buyers in the latest...
hoodline.com
Historic Arizona Inn Plans 25 Rental Casitas on Its Tucson Grounds
The Arizona Inn, Tucson's nearly century-old Midtown landmark, wants to add 25 casita-style rental homes to its 14-acre property, with the inn itself planning to own, manage and rent out every unit. The proposed town-home-style casitas would rise one and two stories, topping out at 25 feet, while three additional single-family casitas with one or two bedrooms would round out the project. Completion is targeted for early 2028, and rental prices will be set by market conditions once the homes are finished.
realestatedaily-news.com
Ryan Shirley Joins BRD Realty, Will Lead Leasing and Renewals on 500-Plus-Unit Catalyst Portfolio Alongside Max Fisher
TUCSON, Ariz. (October 26, 2026) — BRD Realty, LLC today announced that Ryan Shirley has joined the firm as a commercial real estate agent. Shirley will focus on leasing and selling office and retail properties throughout Tucson as he works to grow BRD Realty's brokerage beyond industrial and warehousing.
familydestinationsguide.com
Skip The Big City And Check Out This Arizona Town With Homes Under $180,000
There’s a town in southeastern Arizona that’s been quietly living its best life while the rest of the state argues about traffic and mortgage rates. Willcox, Arizona is sitting out there in Cochise County, surrounded by mountain ranges, producing award-winning wine, and selling homes for under $180,000, and it would very much like you to come visit.
hoodline.com
Tucson's 78-Point Code Overhaul Could Allow Bakeries in Commercial Zones
Tucson is considering changes that could affect how property owners reuse buildings and lots: an office might qualify for a bakery, a backyard structure for living space, or an existing lot for small-scale housing. CODE Tucson '26 contains 78 proposed amendments intended to simplify reviews, reduce housing barriers and expand options for businesses.
azbex.com
Commercial Real Estate 10-20-26
1. JLL Capital Markets arranged $718.2M in financing for Project Pegasus Industrial Portfolio, a 52-property shallow-bay industrial portfolio totaling 5.2MSF across Phoenix-area infill submarkets. On behalf of the borrower, affiliates of Equus Capital Partners Ltd., JLL secured a five-year, floating-rate financing package comprising a $527.1M single-asset, single-borrower execution led by Morgan Stanley, with Bank of America as right lead, and a $191.1M balance-sheet component through Bank of America. The JLL team was led by Kevin MacKenzie, Jason Carlos and Frank Choumas.
azbex.com
Industry Professionals 10-20-26
1. The Rio Nuevo District appointed George H. “Hank” Amos III and Kameron “Kam” Norwood to its Board of Directors, effective immediately. Amos, Chairman and CEO of Tucson Realty & Trust Company, brings experience in commercial real estate, business leadership and public service. Norwood joined Cushman & Wakefield | PICOR in 2023. He serves on the boards of the Tucson Metro Chamber of Commerce and Desert Sage High School. Amos was appointed by the Speaker of the Arizona House of Representatives, while Norwood was appointed by the President of the Arizona Senate.
realestatedaily-news.com
Institutional Property Advisors Closes The Place at 2120 Sale in Tucson
TUCSON, Ariz., (Oct. 21, 2026) – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, has announced the sale of The Place at 2120, a 202-unit multifamily property in Tucson, Arizona. The asset traded for $18.05 million, or $89,356 per unit.
familydestinationsguide.com
Escape To The Arizona Town Where Rent Stays Under $850 And The Vibes Are Absolutely Immaculate
If you’ve been waiting for a sign to escape the expensive, overheated, overcrowded version of Arizona life you’ve been tolerating, consider this article that sign. Nogales, Arizona is a small city in Santa Cruz County that has been quietly maintaining immaculate vibes and genuinely affordable rent while the rest of the state has been busy making housing costs into a spectator sport.
realestatedaily-news.com
Tucson Proposes Development Code Changes to Ease Reuse and Expand Business Options
— Tucson is advancing a package of 78 proposed development code amendments intended to simplify reviews, remove barriers to housing and give businesses more flexibility to occupy existing buildings. The changes address adaptive reuse, parking, permitted uses and development procedures, alongside new battery storage standards. Mayor and Council will discuss...
hoodline.com
East Tucson's 1972 Broadway Apartments Get Full Makeover, New Pools and Gyms
A 128-unit garden-style apartment community on East Broadway Boulevard in East Tucson has just wrapped up a comprehensive renovation, trading its 1972-era bones for new interiors, redesigned grounds and a fresh set of amenities aimed at renters who want more than just four walls and a roof. Sorrento Property Group...
biztucson.com
Foothills Bank Announces New Chief Credit Officer, Genine Student
Foothills Bank announced the hiring of Genine Student as its new Chief Credit Officer, bringing more than 25 years of experience in banking, credit, underwriting, and risk management to the team. Student joins Foothills Bank from Goldwater Bank, N.A., where she served as executive VP and CCO. In that role,...